Gasoline prices fell last week to an average $2.61
per gallon (+1.7% y/y) from $2.69 during the prior week. Prices have fallen from
an average high of $2.90 in the last six weeks to the lowest level since
mid-March. Haver Analytics constructs factors to adjust for the marked seasonal
variation in prices. The seasonally-adjusted gasoline price fell three cents
last week to $2.67 per gallon.

West Texas Intermediate crude oil prices fell to an
average of $56.93 per barrel (+1.8% y/y) from $61.56 in the prior week. It was
the sixth consecutive weekly decline from the peak of $75.11 in early-October
and the lowest price since November of last year. Yesterday, prices were $56.76
per barrel. Brent crude oil prices declined to $66.89 per barrel (+7.5% y/y)
last week from $71.56 during the prior week. Yesterday, prices were $66.98 per barrel.

Natural gas prices surged last week to $4.32/mmbtu
(40.3% y/y) from $3.58 in the prior week. Prices were up from the low of $2.52
last February and were $4.65 yesterday.

These data are reported by the U.S. Department of Energy. The
price data can be found in Haver's WEEKLY and DAILY databases.
Greater detail on prices, as well as the demand, production and inventory data,
along with regional breakdowns, are in OILWKLY.